Saudi Oil Exports Rebound at Hormuz While East-West Pipeline Remains Offline
Saudi Arabia has sold as many as 60 million barrels of crude oil from the Persian Gulf port of Ras Tanura for September and October loadings outside the Strait of Hormuz via ship-to-ship transfers, trade sources told Reuters on Friday. Saudi oil giant Aramco has offered buyers of the crude from the
Source: OilPrice.com
―
DW NOTE
The Strait of Hormuz carries 21 million barrels a day in normal times. If Saudi exports are genuinely rebounding through a blockaded choke point while the Red Sea pipeline stays down, someone is either shipping under Iranian sufferance or the blockade has holes no one is reporting. Eight ships a day is not a rebound — it's a trickle being dressed up as recovery.